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74 Table Prices OPEC Annual Statistical Bulletin 2004 126 Spot refined products prices in major markets, 1995–2004 ($/b) US Gulf Singapore Rotterdam gasoline gasoil fuel oil gasoline gasoil fuel oil gasoline gasoil fuel oil reg unl 87 0.2% sulphur 3.0% sulphur prem 0.15g/l 0.5% sulphur 380 CST prem 0.15g/l 0.2% sulphur 3.5% sulphur 1995 21.31 19.95 13.77 22.10 21.64 13.99 20.60 20.17 14.14 1996 25.13 24.77 15.58 23.58 27.07 15.53 23.72 25.48 15.52 1997 24.78 22.72 14.42 24.55 24.24 14.73 23.63 23.02 13.92 1998 17.57 16.04 9.69 17.19 15.46 9.86 17.25 15.94 9.71 1999 22.00 19.77 14.28 21.02 19.13 14.76 21.50 19.74 13.73 2000 35.10 34.04 20.77 32.55 32.46 23.04 35.16 33.76 20.47 2001 31.02 29.04 17.18 27.47 27.30 19.42 29.29 28.77 17.08 2002 30.44 27.75 20.69 28.00 28.15 21.83 28.47 27.33 19.76 2003 36.83 34.09 24.02 34.74 33.38 25.07 34.86 33.47 22.38 2004 49.37 45.62 24.75 47.19 47.31 26.58 47.10 46.01 22.94 2002 Jan 22.77 21.45 14.82 21.00 21.66 16.24 20.93 21.55 15.25 Feb 22.86 21.80 15.24 24.16 22.54 17.37 21.17 21.69 15.52 Mar 30.22 25.77 19.20 27.93 25.71 19.73 25.74 25.05 17.86 Apr 33.02 27.16 21.93 30.11 28.64 21.75 29.94 26.53 19.93 May 31.37 27.05 21.95 29.73 28.72 22.99 28.94 26.54 21.02 Jun 31.20 26.26 21.38 28.54 27.82 21.99 29.02 25.97 19.94 Jul 31.93 27.68 21.87 28.19 28.19 22.88 30.77 27.80 21.02 Aug 31.77 28.77 22.78 28.17 28.79 24.10 31.14 28.95 21.68 Sep 33.03 31.98 24.81 30.49 31.43 25.34 32.63 31.54 24.02 Oct 34.82 31.90 23.19 29.62 33.10 23.46 32.16 31.23 22.44 Nov 29.32 29.65 18.76 27.80 29.37 21.83 27.88 28.52 18.40 Dec 33.00 33.53 22.41 30.25 31.88 24.24 31.34 32.63 19.99 2003 Jan 37.08 36.97 29.73 34.34 34.23 26.97 35.31 35.22 25.97 Feb 42.61 44.38 27.76 40.14 39.35 29.33 39.15 41.16 25.93 Mar 40.63 37.13 22.78 37.51 37.87 26.65 36.06 39.61 21.91 Apr 34.24 30.47 19.59 28.74 30.03 23.12 34.38 29.59 18.61 May 33.20 29.65 21.16 28.73 29.12 23.15 32.06 29.00 20.29 Jun 34.96 31.07 22.35 31.59 29.33 24.51 33.15 30.57 21.57 Jul 37.36 32.22 25.64 34.59 29.57 26.18 35.36 31.08 24.15 Aug 41.48 33.57 25.95 37.30 33.27 24.92 38.04 32.47 23.72 Sep 34.16 30.16 22.42 33.11 32.42 23.80 33.70 29.84 21.64 Oct 35.57 33.59 24.48 35.55 33.58 24.38 33.71 33.92 22.63 Nov 34.71 34.10 24.00 35.78 35.08 24.02 33.54 34.21 22.56 Dec 35.97 35.72 22.35 39.52 36.67 23.79 33.84 35.02 19.55 2004 Jan 41.57 39.84 22.64 44.25 41.42 24.98 37.73 36.58 20.75 Feb 43.37 36.88 22.08 39.87 38.81 24.90 38.56 34.16 20.32 Mar 46.03 37.51 23.38 44.10 38.42 24.57 41.68 37.77 21.49 Apr 48.57 37.76 24.78 44.09 42.82 25.54 45.58 38.74 22.77 May 56.45 41.76 27.28 49.71 44.62 27.83 53.11 42.83 25.10 Jun 49.39 40.88 24.99 45.19 42.84 26.87 45.85 41.68 23.39 Jul 52.10 44.97 24.93 46.52 46.25 26.98 52.03 46.19 24.44 Aug 49.64 48.25 25.23 51.50 51.67 28.19 51.06 49.99 24.62 Sep 52.25 52.38 26.07 49.06 54.29 27.18 50.77 53.02 24.12 Oct 56.89 61.54 31.47 54.73 58.40 29.95 55.72 63.06 25.88 Nov 52.29 55.61 21.80 52.45 56.82 27.99 50.62 56.89 21.49 Dec 43.86 50.04 22.32 44.81 51.33 24.00 42.54 51.26 20.93 Notes: US Gulf and Singapore prices apply to cargo; Rotterdam prices to barge size lots. Gasoline specification in Singapore is 97 research octane number with 0.15 gram lead per litre. Fuel oil viscosity is 380 centistokes with 3.5 per cent sulphur. Gasoline specification for Rotterdam is 97–98 RON with 0.15 gram per litre lead.
75 OPEC Annual Statistical Bulletin 2004 Prices Table Retail prices of refined products in OPEC Members, 2000–2004 (units of national currency/b) Algeria 2000 2001 2002 2003 2004 Gasoline 3,211.8 3,211.8 3,211.8 3,370.8 3,370.8 Diesel oil 1,868.3 1,868.3 1,868.3 1,868.3 1,868.3 Kerosene 182.9 182.9 182.9 182.9 182.9 Fuel oil 156.9 156.9 156.9 156.9 156.9 Indonesia Gasoline 164,941.8 206,674.0 235,290.4 287,790.0 381,600.0 Diesel oil 89,426.3 119,235.0 226,280.4 262,350.0 349,800.0 Kerosene 47,296.6 59,617.5 210,727.2 256,200.0 328,700.0 Fuel oil 37,630.3 37,337.0 195,545.4 248,040.0 318,340.0 IR Iran Gasoline 78,695.1 96,194.4 98,488.1 102,701.1 102,701.1 Diesel oil 18,282.7 19,078.8 20,031.5 23,370.1 23,370.1 Kerosene 18,282.7 19,078.8 20,031.5 21,303.3 21,303.3 Fuel oil 9,642.1 10,175.9 10,716.8 13,354.3 13,354.3 Iraq Gasoline na na na na na Diesel oil na na na na na Kerosene na na na na na Fuel oil na na na na na Kuwait Gasoline 9.9 9.9 9.9 10.3 10.3 Diesel oil 8.7 8.7 8.7 8.7 8.7 Kerosene 8.7 8.7 8.7 8.7 8.7 Fuel oil 2.9 2.9 2.9 2.9 2.9 SP Libyan AJ Gasoline 19.5 19.5 19.5 18.3 18.3 Diesel oil 17.5 17.5 17.5 19.1 19.1 Kerosene 11.5 11.5 11.5 11.1 3.4 Fuel oil 1.9 1.9 1.9 3.5 3.5 Nigeria Gasoline 3,497.6 3,497.6 4,133.5 4,134.0 6,757.5 Diesel oil 3,338.6 3,338.6 4,133.5 4,134.0 6,598.5 Kerosene 2,702.7 2,702.7 3,815.5 3,816.0 6,598.5 Fuel oil 1,907.8 1,907.8 1,907.8 1,907.8 3,339.0 Qatar Gasoline 107.3 107.3 107.3 107.3 107.3 Diesel oil 95.4 95.4 95.4 95.4 95.4 Kerosene 63.6 63.6 63.6 63.6 63.6 Fuel oil na na na na na Saudi Arabia Gasoline 143.1 143.1 143.1 143.1 143.1 Diesel oil 58.8 58.8 58.8 58.8 58.8 Kerosene 69.2 69.2 69.2 69.2 69.2 Fuel oil 23.9 23.9 23.9 23.9 23.9 United Arab Emirates Gasoline 137.5 139.3 157.4 165.2 172.5 Diesel oil 123.5 128.5 136.9 136.7 136.7 Kerosene 104.9 113.1 116.1 120.6 122.4 Fuel oil 89.6 89.6 89.6 89.6 95.4 Venezuela Gasoline 1,113.0 1,113.0 1,327.2 1,322.1 1,322.1 Diesel oil 763.1 763.1 763.5 760.0 760.0 Kerosene 1,939.9 2,089.9 3,928.4 9,020.1 9,020.1 Fuel oil 6,801.7 7,267.3 3,266.7 1,047.8 1,047.8 127
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FOREWORd Dr Adnan Shihab-Eldin Dire
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OPEC crude oil production ceiling a
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